Power Hour

Table of Contents

Daily Market analysis Daily Strategy analysis (Live Fxalerts) Forex Trading Tips for NewbiesMarcello Ducille’s Underground System DemonstrationQuestion & Answer Session

Forex Trading Tips for Newbies

1. Find a brokerage service you trust and open a demo account as soon as you can. Play with your demo money as long as it’s necessary to learn the basics. For a beginner, two months of constant practice are just enough to start investing something.

2. Read the newspaper. World events have a significant influence on currency market.

Forex Trading Tips for Newbies

3. In forex market there is always a risk. Only invest money that you are willing to lose. Don’t ever touch money you need, for example, to pay for the mortgage, or to maintain your family.

4. Don’t be impatient, and don’t overdo. The quantity of risk you take should depend on the level of knowledge you have acquired.

Forex Trading Tips for Newbies

5. On the other hand though, once you have defined your spending limit and you have learnt enough forex trading strategies, don’t be too afraid to risk. Forex market can also be very profitable.

6. Forex can be complex, don’t be afraid to take your time to learn, do one step at the time.

Forex Trading Tips for Newbies

7. Following the previous rule becomes easier if you follow the next one: learn how to be satisfied with what you have.

8. Forex is not a game, and it certainly is not gambling: always take the market analysis very seriously.

Forex Trading Tips for Newbies

9. Knowledge, practice discipline: 90% of beginners fail because of lack of one or more of these three qualities.

10. Follow the trend. Don’t do the alternative, at least as long as you don’t have enough experience. The trend is your friend.

11. If you want to trade against the trend, you will need to have focus, strong nerves, strong negotiating qualities, and a good knowledge of the market and of all the technical aspects of forex.

Forex Trading Tips for Newbies

12. If you don’t have much capital, forex is the ideal form of investment. If you have too little capital, you’d better not trade at all.

13. Love the market (one forex tip that says it all)

14. Very important forex tip: trading at high level requires a good knowledge of the market.

15. Not even the best trader in the market gains all the time.

Forex Trading Tips for Newbies

16. Forex market is extremely volatile. For this reason, timing is essential: knowing when to start, stop or pause is a crucial to gain money with forex.

17. Know in advance if you are trading in the very short period or for a longer period. Either thing will require different tools of analysis, and different states of mind.If you doubt, stay out of it.

18. If you’re not sure of a transaction, it either means it’s not a good moment, or you wouldn’t be sure of what to do, so don’t enter it.

Bottom Line

These are real forex trading tips of success: use them wisely.

Underground System Demonstration

Diagram

Capital Preservation

Capital Appreciation

Capital Explosion